Europe Needs Free Trade, But Not the Euro

Sunday, 02 August 2015 12:54

Will chronic fiscal troubles prompt Greece to leave the Eurozone and possibly the European Union? It’s an urgent question, but it’s even more important for us to acknowledge that the European Union’s problems are not uniquely Greek. Deeper concerns should prompt us to rethink the wisdom of the Eurozone itself.

Germany's Schaeuble wants to rebalance EU Commission's role

Thursday, 30 July 2015 20:38

Germany's finance minister wants to correct the balance between the European Commission's political role and its regulatory powers, reflecting concern in Berlin over the EU executive's neutrality as its political clout grows.

A spokeswoman for the German Finance Ministry said on Thursday that Wolfgang Schaeuble had raised the idea at a meeting of European Union finance ministers in Brussels two weeks ago.

Give us a vote on EU exit next year, top business leader urges Cameron

How Germany Prevailed in the Greek Bailout

Thursday, 30 July 2015 09:09

BERLIN — At the height of crucial negotiations over the latest bailout of Greece this month, Germany circulated a proposal that undercut decades of promises about the march toward deeper European unity: Greece, it said, could be offered a temporary exit from the euro.

Europe's Growing Desire for Political Union

Tuesday, 28 July 2015 15:18

Now that Italian Finance Minister Pier Carlo Padoan has joined calls to create a political union, parliament and budget for the euro zone, it's clear that closer euro area integration is on the immediate agenda. And it's no wonder: The Greek crisis has brought the issue to a head. Greece's new status as a "colony" under tight outside control, much bemoaned by critics of the country's third bailout, now looks as if it may be a precursor to what awaits all the other countries that use the euro.